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QUESTION 58 Indicate how the following will be classified on the Balance Sheet Commercial paper issued by ABCO Corporation with a maturity of 60 days.

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QUESTION 58 Indicate how the following will be classified on the Balance Sheet Commercial paper issued by ABCO Corporation with a maturity of 60 days. Choose from the following classifications: A Cash and Cash equivalents B Trading Security C Available for Sale Held to Maturity E Equity Securities - No Influence F Equity Method - Significant Influence G. Consolidation - Legal Control Cash and cash equivalents O Consolidation - Legal control O Trading securities O Available for sale JESTION 57 Alicate how the following will be classified on the Balance Sheet: Ford Motors Corporate Bonds. The company intends to hold the bonds until they need cash Choose from the following classifications: A Cash and Cash equivalents B. Trading Security C. Available for Sale D. Held to Maturity E. Equity Securities - No Influence F Equity Method - Significant Influence G Consolidation - Legal Control Available for sale O Cash and cash equivalent Trading securities Held to maturity

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